All posts tagged "trust companies"
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883ChinaChina Issues Draft Rules Easing Foreign Access to Bond Market
The rules simplify application procedures for foreign bond investors, unify rules governing various investment channels, and optimise remittance and foreign exchange operations.
September 4, 2020 -
1.6KContributed ArticleJapanese Trust Funds Align with Global Trends on FX Settlement Risk
Trust funds in Japan have started focusing on mitigating FX settlement risk, to which they have long been exposed. This article explains the change in focus and the factors behind this.
July 27, 2020 -
739AML / KYCMAS Penalises Asiaciti Trust for AML/CFT Failures
Asiaciti Trust failed to put in place adequate procedures to establish source of wealth, and did not inquire into unusually large transactions by customers who were PEPs.
July 23, 2020 -
697FeatureHKMA Proposes New Code of Practice for Banks’ Trust Companies
The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
July 13, 2020 -
422EnforcementKorea: Banks, Brokers Agree Plan to Recover Lime Asset Losses
Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.
June 11, 2020 -
394FeatureSFC to Narrow Scope of OTC Derivatives Licensing Regime
The OTC derivatives licensing regime will not capture corporate treasury activities of non-financial groups, portfolio compression services, and certain portfolio management activities.
June 10, 2020 -
2.5KJapanJapan’s New Foreign Investment Rules Take Effect
While a series of exemptions for foreign financial institutions have been granted, the new requirements only allow 30 days for full implementation on 7 June.
May 10, 2020 -
396AML / KYCCBIRC Simplifies Administrative Licensing for Trust Companies
The licensing rules reflect the cancellation of a $1bn asset threshold previously required of foreign financial institutions that invest in domestic trust companies.
April 16, 2020 -
368China
CBIRC’s New Rules for Trust Companies to Take Effect in March
When the measures take effect, a $1bn asset threshold required of foreign financial institutions to hold shares in domestic trust companies will be effectively cancelled.
February 11, 2020 -
1.7KAML / KYCMalaysia Replaces AML/CFT Framework with Two Policy Documents
The first document is for banks, insurers, money services businesses and payments providers. The second is for NBFIs and DNFBPs, including lawyers, accountants, casinos, real estate agents and trust companies.
January 3, 2020
